The rule in plain words
The item "Total" reported in Information on annuities stemming from Non-Life Insurance obligations (S.16.01) must be equal to the sum of different years
The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Add up the parts in your return and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
- 04EIOPA allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark S.16.01 as reported.
- 06This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Information on annuities stemming from non-Life insurance obligations: annuities information (S.16.01.01.02)
Rows
- R0040Prior years
- R0050N-14
- R0060N-13
- R0070N-12
- R0080N-11
- R0090N-10
- R0100N-9
- R0110N-8
- R0120N-7
- R0130N-6
- R0140N-5
- R0150N-4
- R0160N-3
- R0170N-2
- R0180N-1
- R0190N
- R0200Total
Columns
- C0020Undiscounted annuity claims provisions at the start of year N
- C0030Undiscounted annuity claims provisions set up during year N
- C0040Annuity payments paid during year N
- C0050Undiscounted annuity claims provisions at the end of year N
- C0060Number of annuities obligations at the end of year N
- C0070Best Estimate for annuity claims provisions at the end of year N (discounted basis)
- C0080Undiscounted development result
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual branch (ARB), annual solo (ARS), annual ECB solo (AES) and annual ECB branch (AEB) returns, as a blocking check.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
The item "Total" reported in S.16.01 - Information on annuities stemming from Non-Life Insurance obligations must be equal to the sum of different years.
Show the formulaShowHide
EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
{t: S.16.01.01.02, r: R0200, z: Z0001} = sum({t: S.16.01.01.02, r: R0040; R0050; R0060; R0070; R0080; R0090; R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190, z: Z0001})Other rules on Information on annuities stemming from non-Life insurance obligations (S.16.01)
Every Solvency II rule on S.16.01
Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.